According to a report from crypto publication CoinDesk, Meta’s Instagram, will support non-fungible tokens (NFTs) from several major blockchain networks including Ethereum, Polygon, Solana, and Flow.
While Meta is yet to officially confirm the move, the report says that the tech giant might make an official announcement as early as Monday.
Instagram intends to support the widely used crypto wallets MetaMask. Additionally, it will also not charge users for posting and sharing NFTs, as Twitter initially did for its hexagonal NFT profile pictures in January, the report added.
Instagram’s foray into NFTs shouldn’t come as a surprise. In December, Instagram head Adam Mosseri said that the social media platform was “actively exploring NFTs” without revealing any further plans.
In January, Cryptoknowmics reported that the photo-sharing app had started internally testing its NFT showcasing feature.